32 min listen
ASK MIKE MONDAYS - “Mike, I made a mistake; I signed a contract and put $200k in HARD earnest money BEFORE I spoke with a lender. Lender turned the de…
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ASK MIKE MONDAYS - “Mike, I made a mistake; I signed a contract and put $200k in HARD earnest money BEFORE I spoke with a lender. Lender turned the de…
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ratings:
Length:
19 minutes
Released:
Dec 21, 2020
Format:
Podcast episode
Description
Well, you probably won’t do that again! If you cannot close; the seller WILL take your earnest money. Before you expose your own money to a possible loss (in this case- without having a creditable lending source) you must have an in-depth conversation with a lending decision maker. Your lender is your biggest partner, and you must get them to invest in the deal, too! Be completely transparent to the lender. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.
Released:
Dec 21, 2020
Format:
Podcast episode
Titles in the series (100)
Episode 7 - Andrew Patton: Andrew shares how he got started as a single family investor and transitioned into being a lead investor in multiple apartment complexes in a short period of time. by Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles